If i'm 1099 and my taxable income is $0, should I still have tax liability?

posted

Connect with an expert

1 Reply

If i'm 1099 and my taxable income is $0, should I still have tax liability?

You still owe self-employment taxes if the net profit shown on Schedule C is $433 or more, even if you do not have taxable income present on Form 1040 line 10.

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post